Summary
- Riot Platforms recently purchased 705 BTC, investing $68.45 million.
- The Bitcoin purchase is said to be related to the issuance of 2030 maturity bonds to raise $500 million.
- This purchase is interpreted as an intention to strengthen Riot Platforms' Bitcoin investment strategy.
It has been revealed that an address suspected to belong to the Bitcoin (BTC) mining company Riot Platforms has purchased over 700 Bitcoins.
On the 11th (local time), Lookonchain reported via X (formerly Twitter) that an address suspected to be Riot Platforms bought 705 BTC (approximately $68.45 million) in the past three hours.
Previously, on the 9th, Riot Platforms announced the issuance of unsecured senior notes maturing in January 2030 to raise $500 million, stating that part of the net proceeds would be used to purchase Bitcoin.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
